Scaling Ethereum L1 and L2s in 2025 and beyond

Scaling Ethereum L1 and L2s in 2025 and beyond

https://vitalik.eth.limo/general/2025/01/23/l1l2future.html

Great post but would highlight one missing piece: ACCESS TO EARLY STAGE RISK CAPITAL

❗️ETH is best overall crypto economy today but investors & devs chase activity & financial success elsewhere which determines the place of more growth.

The access to early & late stage risk capital & the velocity of capital is the main differentiator where big outcomes happen more frequently (see US/EU).

👉🏻 ETH holders need to get active & bootstrap breakout subeconomies and we need fair launches to create a new set of even more active user-investors to grow the ETH economy.

3 examples:

1️⃣L2s got invests from ETH investors but launches made no ecosystem users rich, I.e. activity remains low

2️⃣Degen was funded by new farcaster users & OG Degens funded most Farcaster devs!

3️⃣Virtuals was funded by AI x crypto investors, AI agents by new people in trenches. Massive success!

Ps: no need to fund only random shit (> leak value to extractors) but welcome & fund new experiments for healthy activity